Sample Exam Version 2 like, details, killed, minute, pretty

adehbone

Did anyone else write the Sample Exam Version 2?

I thought I knew my stuff and did pretty good on the mock exam. I got killed on this sample exam, seems like a lot of minute details!

What are your thoughts?

bodhisattva

That core-satellite one - was that the one where 40% was invested in the index portfolio and the remainder was invested in 4 or so other active funds?

I got it wrong as I couldn't see how 40% in the index fund made it a 'core-satellite' portfolio.

liangfeng

I am taking level 3 first time this year and last time. Must be someone else...



Edited 1 time(s). Last edit at Thursday, May 27, 2010 at 08:23PM by cfaboston28.

Darien

scored 76% on this! could have been higher if it wasn't for some obvious mistakes.

skycfa

i have seen you on this forum since leve 2! and level 3 last year.

wake2000

^ Carried interest is on the profit above the last portfolio value and not on any inflows.

Analti_Calte

wow you know your stuff!! i remember seeing your name on here last year as well. = )

former

whystudy Wrote:
-------------------------------------------------------
> wow you know your stuff!! i remember seeing your
> name on here last year as well. = )


seeing my name, where?

bboo

Chi Paul Wrote:
-------------------------------------------------------
> FWIW, I didn't think those GIPS q's were minutia
> at all (except to the extent that all of GIPS is
> minutia)
>
> answers requested:
>
> 28 - hierarchy of valuation methodologies would go
> Market Transaction, market multiples, PV of risk
> adjusted cash flow
>
> 29 - total return was 12.53 (nothing tricky here,
> you just have to know which elements go where)
>
> 30 - GIPS require that firm being verified maitain
> the data and info neccessary for calcs



Yea, I agree that basically anything in GIPS is somewhat minutia. but some other questions are definitely just trick questions.

even the one about core satalite i found it was like a trick. the core's benchmark is different from the investors benchmark. eventhough i got it right, but seem like such a good answer too

PalacioHill

and how about the fee structure one for limited partners!